Bitcoin is better name. We have experience in naming and Bitcoin really describe the goal of it.
For sure if Netcoin was really the name of Bitcoin, people will also love it and say it is a better name. If it was Netcoin, the "net" is came from Internet word for sure which that make sense also if Netcoin was successfully really the name instead of Bitcoin, Bitcoin, "bit" is more likely technical. Overall, Bitcoin and Netcoin for me are all good.
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First, we have no official basis of how we can tell that we are in a bear market or a bull market. But I strongly believe that last 2017-2018 bull market started and the bear market afterwards was really devastating and unforgettable moment of my life as that time I was first introduced with Bitcoin and a lot of things changed, a lot of lessons I learnt and applied to future.
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All of this is nice and good or at least it sounds so. But I wonder how many of these islands/resorts/countries are Bitcoin True or Bitcoin Fairweather? Are they all in when the next bear market hits or will they temporarily or permanently close shop for Bitcoin.
This is what I currently thought of when I first heard this news. It is possibly the worse time to announce a new endeavour to begin another bitcoin island. If this term sounds familiar thats because it is! (.....) Exactly! For sure they are just using these kinds of phrases or ways to promote their project. There is already lof of cases like these, like "Bitcoin City, Bitcoin Country, etc." That way seems they will lure people's attention, even just a headline on some articles.
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Also observed that most fundamental analysts or traders are just looking at fundamental parts of cryptocurrency are the most people who don't trade frequently compared to traders that more into technical analysis which they trade in just technical parts like what they analyze on their charts.
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This feature is somehow a free advertisement to the cryptocurrency itself, people with no knowledge of cryptocurrency will start to become curious once they see some content of these on the opera browser. I believe the Opera browser is a popular browser, especially on mobile phones, very big win for the whole cryptocurrency community.
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You haven't mentioned how you receive Bitcoin. Are you using a payment processor to handle the transactions or do you receive the coins on a private wallet that you have set up?] (....)
OP mentioned they are using the Exodus wallet and the Exodus wallet is a personal wallet different from any payment processor. At first, thought, using a payment processor is the best way to do it here, especially since the owner sometimes is not around and employees are being in charge of it. There are already a lot of payment processors that will really help your business run smoothly by accepting payments.
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(....) Recently i came across this post Michael Saylor says Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade..
I am more convinced with the 4 years price target on Bitcoin by Michael Saylor, it's like we will visit again the all-time high in just a span of 4 years which. But for the next decade, $500,000 for me seems impossible but we'll never know, we never expected the growth of Bitcoin in terms of price especially when early days of it, maybe we will just touch 6 digits price or sideways to 5 digits to 6 digits price.
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How prepared are you mentally as a newbie when the market is on uptrend or down trending? (....)
I already experienced a bear market, especially after the parabolic run in 2017-2018. So for me, what happened earlier and now which the dump is really too hard, it became normal for me or before I am expecting this after we hit the all-time-high around $69,000. I am expecting a pullback and my thoughts is the Bitcoin Block Halving event, which this event I believe the reason why we will start to recover.
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3. unrealistic expectations (....)
As this is the most common what I observe lately, there are a lot of reasons why newbies are behaving like this. The main reason for me is also social media or what they can see over the internet. For example on social media, their lot of popularity spreads hopium for people, especially newbies, and here the unrealistic expectation begins or it will just add up.
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(....) I believe for such a great contribution to science and humanity Satoshi do deserve a price, even when he is anonymous.
I request members to express their opinion as well.
Satoshi Nakamoto indeed deserves it but we are still not sure if Satoshi Nakamoto is only one person or a group of people, we will not know this at the moment. And another thing is can we award a noble prize to a person that is anonymous or unidentified? Overall, whoever and whenever Satoshi Nakamoto now is, he/they are really proud on Bitcoin now.
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US dollar will still be US dollar, it will be just digitalized, it's like what we have now which is stablecoins, so what's the point they still want to do it as we already experiencing to use a digital us dollar which is stablecoins we have now? So for me, this is really far threat with Bitcoin as their digital US dollar is pegged with fiat US dollar which we all know the value of it is decreasing over the time.
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Honestly, it's very hard to tell right now especially that most of those shtprojects are just starting to lose their funds and it's near to abandon thei project, judgeing them right now is hard. (...)
Exactly, we got a lot of things to consider especially the market condition right now which is really devastating. I remember before during bear market started year 2018, projects that started during that year are really outperformed last 2020-2021 run, which for me, this is the right to find a project that is quality and worth the wait.
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I think fan tokens are a very old and well-known industry. Bull seasons usually shine more unknown niche sectors instead of polishing the sectors that everyone knows. I rely more on web 3.0 projects rather than fan tokens related to the football industry. (....)
Then this is just an example of hype, which is really common in every bull market. Every bull market there is a new trending way to get high profits and at the same time loss money. So on next bull run, fan tokens may still stay and improved, but I am not expecting it will be the same hype like before to next bull run because there are new niches will come.
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You have to understand the fact that prices depend on supply and demand. It should be added that the coin base and many more large pools can be controlled with their system. (...)
OP is worrying about the decentralization here. Where Proof-of-stake protocol's main problem is decentralization. I read somewhere before saying, "It's much better to solve the scalability the decentralization". This centralized issue is became common issue for POS protocol, not only for Ethereum, there are already lot of protocol already that is in POS and they are working fine, this is just a matter of time.
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Why would the privacy factor matter in this case? There are thousands of coins which are listed and invested for the sake of privacy and that is what crypto is all about. (....)
Because it lures scammers/hackers/illegal money laundering. For sure there are already a lot of people or entity already used this platform to launder money and the government already notice it and this is already their approach to fighting it. This is just a very bad news or day for cryptocurrency community because the essence of decentralization or privacy is getting destroyed.
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(....) If ETC adoption booms, do you think it's possible prices will go all the way to $100? After all, ETC is much scarcer than ETH (only 210m ETC will exist). Your input will be greatly appreciated. Thank you. This is possible but expects the whole market will pump too not only Ethereum Classic. Before we will see this ETC will go with 3 digits, I am expecting that Bitcoin and Ethereum are on their new all-time high. Or the worst part is the Ethereum POS will fail which got a very low chance to happen.
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The reason is simple, it is because Bitcoin price drops. (....)
It's really the market, you just can't say Bitcoin. Because the event we had is about Ethereum and for me, even after The Merge event and Ethereum pumped, I expect that Bitcoin will pump too. But we went on the opposite side and the whole cryptocurrency market went down. I am expecting this before, the pump happened already before the event and the sell of will happen after the event, "buy the news, sell the rumors".
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In my opinion, the safest staking is on Binance Savings because this market has been trusted for a long time, of course with low interest rates but very safe for staking. If you have a large capital, it's the same as you make a bank deposit only based on crypto. (....)
Yes, but Binance is considered as a centralized exchange in which you don't hold your keys, your money is in Binance's hands, on the other hand, the alternative is to use some decentralized finance platform where staking is available like Aave or Solend. But you still can't guarantee safety here. OP must select a platform carefully and the asset that they will stake because the UST issue before on Luna could repeat again on other assets.
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I am now curious why the Bitcoin price is dumping now when the inflation rate is rising. At first, I believe that Bitcoin solves this and that Bitcoin is somehow the best solution against inflation for now but we saw the opposite side. This seems really the effect of a bear market which even though the market tries to recover it's really having difficulty.
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Let's assume that I create a new token and this token has two main characteristics: (.....) Will you buy this token?
Depends on other characteristics of the coin as you only mentioned two. If there's any way I can make profits or give back my capital, I'll buy it. Or even if it's at a cheap price, I'll buy it too. But the thing it cannot be sold seems a very big lose just incase especially if this is expensive, which majority of people won't buy it.
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